Global X Dax Germany ETF (NASDAQ:DAX) Sees Large Decline in Short Interest

Global X Dax Germany ETF (NASDAQ:DAX) was the target of a large decrease in short interest in the month of March. As of March 31st, there was short interest totalling 61,700 shares, a decrease of 6.7% from the March 15th total of 66,100 shares. Based on an average daily volume of 9,500 shares, the days-to-cover ratio is currently 6.5 days.

Institutional Investors Weigh In On Global X Dax Germany ETF

Several hedge funds have recently modified their holdings of the company. Osborne Partners Capital Management LLC boosted its stake in shares of Global X Dax Germany ETF by 1.8% during the 4th quarter. Osborne Partners Capital Management LLC now owns 672,099 shares of the exchange traded fund’s stock worth $20,734,000 after purchasing an additional 11,636 shares during the last quarter. TAP Consulting LLC boosted its stake in shares of Global X Dax Germany ETF by 1.4% during the 3rd quarter. TAP Consulting LLC now owns 60,428 shares of the exchange traded fund’s stock worth $1,642,000 after purchasing an additional 848 shares during the last quarter. Citadel Advisors LLC acquired a new stake in shares of Global X Dax Germany ETF during the 2nd quarter worth about $1,374,000. LPL Financial LLC acquired a new stake in shares of Global X Dax Germany ETF during the 1st quarter worth about $1,378,000. Finally, Jane Street Group LLC boosted its stake in shares of Global X Dax Germany ETF by 1.4% during the 1st quarter. Jane Street Group LLC now owns 34,847 shares of the exchange traded fund’s stock worth $980,000 after purchasing an additional 498 shares during the last quarter.

Global X Dax Germany ETF Stock Down 1.1 %

NASDAQ:DAX opened at $31.44 on Wednesday. Global X Dax Germany ETF has a fifty-two week low of $25.90 and a fifty-two week high of $33.57. The stock has a market cap of $54.08 million, a PE ratio of 9.42 and a beta of 1.01. The firm’s fifty day simple moving average is $32.11 and its 200-day simple moving average is $30.14.

Global X Dax Germany ETF Company Profile

The Global X DAX Germany ETF (DAX) is an exchange-traded fund that is based on the DAX index, a market-cap-weighted, total return index of the 30 largest and most liquid securities traded on the Frankfurt Exchange. DAX was launched on Oct 22, 2014 and is managed by Global X.